At a Glance
- Tasks: Drive innovative pricing models and collaborate with global teams to enhance insurance solutions.
- Company: Join Berkshire Hathaway Specialty Insurance, a leader in commercial insurance with a values-driven culture.
- Benefits: Competitive salary, growth opportunities, and a dynamic work environment focused on excellence.
- Why this job: Be part of a fast-paced team making a real impact in the insurance industry across Europe.
- Qualifications: Qualified actuary with 8+ years in General Insurance Pricing and strong technical skills.
- Other info: Inclusive culture that values diversity and encourages personal and professional development.
The predicted salary is between 43200 - 72000 £ per year.
A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work.
Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for an experienced and talented Actuary to join our European Actuarial Team in our London office. The role will support our UK and European portfolios, with a focus on our Casualty and Medical Malpractice portfolios. The role may have exposure to other lines of business and global initiatives. The role is open for candidates who are qualified as an actuary and have the right to work in the UK.
Duties & Responsibilities- Prioritize and drive the development of new pricing models and work closely with the global actuarial function to ensure accurate implementation.
- Carry out and deliver recalibration and enhancements of existing pricing models.
- Research and implementation of new pricing techniques.
- Price individual large insurance policies and be the business partner for underwriters in this process.
- Peer review individual policy pricings conducted by junior members of the team.
- Work with the data compilation team to ensure high quality data capture.
- Measure, track, and monitor products performance by producing product reviews to support portfolio management and underwriting strategies.
- Analyse claims and exposure data.
- Collaborate across functions and regions on the development and maintenance of actuarial pricing and reporting processes.
- Provide general pricing support to the business across 9 countries in Europe.
- Carry out training sessions on pricing models and reporting tools across Europe on-line and in person.
- Work with Global Underwriting Officers and build close business partnership with key stakeholders.
- Bachelor's Degree or equivalent in actuarial studies, mathematics, statistics, or a related field.
- 8 years+ of actuarial experience, with the majority in a General Insurance Pricing role.
- Fully qualified actuary with strong technical skills.
- Advanced skills in MS Excel.
- Proficiency in SQL, VBA, and either R or Python.
- Excellent oral and written communication skills in English.
- Strong interpersonal skills and the ability to work in a team environment as well as independently.
- Strong desire to learn from and share knowledge with teammates.
BHSI Offers a competitive package and exciting growth opportunities for career-oriented teammates in a dynamic, action-oriented environment.
To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to hr.europe@bhspecialty.com.
Casualty (Senior) Pricing Actuary London, United Kingdom employer: BERKSHIRE HATHAWAY SPEC INS
Contact Detail:
BERKSHIRE HATHAWAY SPEC INS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Casualty (Senior) Pricing Actuary London, United Kingdom
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and actuarial fields. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings at BHSI or other companies.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of pricing models. Be ready to discuss your experience with SQL, VBA, and R or Python. Show them you’re not just a numbers person but also someone who can communicate complex ideas clearly.
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications through our website. A quick email to express your enthusiasm can set you apart from the crowd. It shows you’re genuinely interested in being part of the BHSI team.
✨Tip Number 4
Showcase your collaborative spirit! During interviews, share examples of how you’ve worked with cross-functional teams. Highlight your ability to partner with underwriters and other stakeholders, as teamwork is key in our fast-paced environment.
We think you need these skills to ace Casualty (Senior) Pricing Actuary London, United Kingdom
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Casualty Pricing Actuary role. Highlight your actuarial qualifications and relevant experience in general insurance pricing to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Share why you're excited about this role and how your background makes you a perfect fit for our team. Be genuine and let your personality come through.
Showcase Your Technical Skills: We love seeing strong technical skills, especially in MS Excel, SQL, and programming languages like R or Python. Make sure to mention any projects or experiences where you've used these skills effectively.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at BERKSHIRE HATHAWAY SPEC INS
✨Know Your Numbers
As a Senior Pricing Actuary, you'll need to demonstrate your technical skills. Brush up on your knowledge of pricing models and be ready to discuss how you've developed or recalibrated them in the past. Be prepared to explain complex concepts in simple terms, as you may need to communicate with non-actuarial colleagues.
✨Showcase Your Collaboration Skills
This role involves working closely with Underwriting, Claims, and Operations teams. Think of examples where you've successfully collaborated across functions. Highlight your interpersonal skills and how you've built strong partnerships in previous roles, as this will resonate well with their values of teamwork and collaboration.
✨Research BHSI's Culture
Familiarise yourself with Berkshire Hathaway Specialty Insurance's values and culture. They emphasise respect, integrity, and excellence. During the interview, reflect these values in your answers and show how your personal values align with theirs. This will help you stand out as a candidate who fits well within their team.
✨Prepare Questions
Interviews are a two-way street! Prepare thoughtful questions about the role, the team dynamics, and the company's future plans. This shows your genuine interest in the position and helps you assess if it's the right fit for you. Ask about their approach to innovation in pricing models or how they support professional development.